With a lack of used vehicles and rental units returning to market, demand continues to outweigh supply. When will the market come back down to earth?
First-Half 2018 Retail Sales Weakest in Four Years
Consumer are on pace to spend $38.9 billion on new vehicles in June, which is $1.8 billion more than last year’s level. The increase should more than offset the 0.6% decrease in new-vehicle sales for the month, which are expected to total 1.2 million units.
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